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Old 24-03-2008, 05:29   #34 (permalink)
sc.david
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Re: Forecast On The Majors:

Quote:
Originally Posted by sc.david
HAVING OUR TARGET BREACHED!

GBPUSD: H4 CHART

Ascending Trend, but there are some signs of Trend Change.

Herewith, this reversal is not confirmed, and price remains
within a large range ( BR+, and BS+), this is seen on Weekly
chart.

We are having a Pattern almost done on the H4 Chart, this is
the Head and Shoulder Formation.

If this is accomplished, this will be a reversal between
"T1(2.0238) and T2(2.0141)" then, breaking T2 downward to
"T3(1.9984)" which will be our Neck-line for a confirmation.

A break-out from T3 downward, leads us to "T5(1.9753)".

Price might not be able to get to "BS+".
HAVING OUR TARGET BREACHED!

LATEST FORECAST WILL BE BROUGHT TO YOU ASAP.

THANKS.

SC.DAVID
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